Does my Corporation have to file any tax information if it had $0 revenue last year?
Posted on December 28, 2008 by admin
xtaticlyme asked:
I formed a corporation at the end of last year. It hasn’t made any money yet because I haven’t lanuched my business yet. However, I did deposit money from my personal account into the business account. The corp. is privately held.
I formed a corporation at the end of last year. It hasn’t made any money yet because I haven’t lanuched my business yet. However, I did deposit money from my personal account into the business account. The corp. is privately held.
Do I have to file any paperwork to the IRS or pay any taxes?
Although you did not fully start or did not earn any profit, once you have formed and registered a company, whether private or public, when the time for filing of tax return comes, it is your duty to do so.
Only if you want to stay out of jail!
Of course you have to file a tax return, silly, otherwise how will the IRS know your corporation hasn’t made any money yet?
Forming a corporation and then not filing sounds like an invitation to get audited!
Yes, an annual return must be filed every year the corporation is in existence.
I think you need to file the tax as your corporation is registered. Try this site will make you file your tax with some savings. bye